Thanh Hoa sanctions two FLC projects

Monday, Apr 14, 2014 14:28

Chairman of Thanh Hoa People's Committee Trinh Van Chien (left) and the FLC Group's Chairman, Trinh Van Quyet at the signing ceremony. — Photo FLC news

HA NOI (Biz Hub) — Chairman of the People's Committee in the central Thanh Hoa Province Trinh Van Chien gave investment certificates to the FLC Group on April 11 for two projects worth VND3 trillion (US$142.86 million).

The two projects are a two-hectare combined housing project in the province's southern area with an investment capital of VND800 billion ($38.1 million), and a 150-hectare tourism and entertainment complex project in Sam Son Township, worth VND2.2 trillion ($104.76 million).

On the same day, the two sides signed a memorandum of understanding on investing in other real estate projects in the province, in which the province will support the FLC Group, while the latter will ensure investment, especially in urban development projects.

The FLC Group pledged to invest nearly US$1 billion in the province in the 2014-18 period.

In 2013, Thanh Hoa was ranked eighth out of 63 cities and provinces nationwide on the provincial competitiveness index, a rise of 36 spots compared with 2012. It got "very good" scores on issues including access to the market and the real estate market, business support and vocational training. The province's FDI increased by 2.6 times compared with 2012, making it the area getting the second highest FDI in Viet Nam.

According to the FLC Group's Chairman of the Management Board Trinh Van Quyet, the group plans to invest more in building industrial parks, urban areas and tourism areas in localities nationwide this year. The group recently received the investment certificates for the 400-hectare Tam Duong II Industrial Park in the northern Vinh Phuc Province, with VND2.31 trillion ($110 million) in investment, and the Hon La II Industrial Park in the central Quang Binh Province with VND1.6 trillion ($76.2 million). — VNS

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